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Buying Land and New Construction >Buying New or Buying Old
New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.
Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.
New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.
Jill Moylan, Owner of Home Advantage Realty, LLC Home Advantage Realty, LLC 2615 Devine Street Columbia SC 29205 Cell: 803-608-4663 803 771-2424 Fax: 803-771-2422 Email: JillRMoylan@gmail.com
Jill Moylan began Home Advantage Realty nearly two decades ago after
recognizing a need for more personalized and responsive service in the
Columbia, SC real estate industry. Since that time, she and her talented group of agents have provided high quality, professional service to hundreds of satisfied clients. With exceptional services for both buyers and sellers, we are dedicated to ensuring that we not only meet but exceed your expectations. Please call or e-mail us today if we can help you in any way. Our priority is understanding your
priorities. There's a better way to buy a home than spending hours in a car
and on the internet.
Check out our testimonials from many satisfied clients!
Experienced. Personalized. Professional.
Since 1991.
www.HomeAdvantageRealty.com is brought to you by
Jill Moylan NUMBER1EXPERT in real estate for
Columbia, South Carolina
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